Corporate Organization

  • Michael G. Pappas


Because they are for profit, biotechnology and related companies in the healthcare industry are organized in a fashion similar to other small businesses, with a few excep tions. In the United States, there are two types of for profit organizations, termed noncorpo rate and corporate businesses, respectively. There are significant differences between these two types of for profit businesses in terms of liability and taxation. These busi ness types are described below.


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Pertinent Reading


  1. Pappas, M.G. 1991. Shifting economic climate expands various roles played by consultants in biotechnology.GEN 11:4. Google Scholar


  1. The Biotechnology Directory J. Coombs and Y.R. Alston. Stockton Press, New York, 1991.Google Scholar
  2. Business Law: Principles and Cases. by H.F. Lusk, C.M.Hewitt, J.D. Donnell, and A.J. Barnes. Richard D.Irwin, Homewood, IL, 1978.Google Scholar
  3. Keys to S.A. Fox. Barron’s Educational Series, Hauppauge, NY, 1989.Google Scholar

Copyright information

© Springer Science+Business Media New York 1994

Authors and Affiliations

  • Michael G. Pappas
    • 1
  1. 1.Advanced Instruments Inc.NorwoodUSA

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